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Cohen family office taps data analytics firm in surveillance push

SAC Capital Advisors, the hedge fund-turned-family office managing the $11bn fortune of its founder, Steven A. Cohen, revealed in an internal memorandum on Wednesday that it has recruited "big data" miner Palantir Technologies to bolster surveillance.

The US-based data analytics firm would help SAC “to better detect improper activity” and to establish “a clearer picture of the different types and sources of information that enter the firm”, SAC president Thomas Conheeney wrote in the memo.